New York's junior senator and the head of the U.S. Small Business Administration swung through upstate New York Monday to hold a series of roundtable talks with small business owners and economic development officials.
The grades are in and the Finger Lakes region is top-of-the-class for business friendliness in New York state. That’s the conclusion of a new small businesses survey conducted by Thumbtack.com. But the survey also shows that the state still lags in a national comparison.
Matthew Turcotte works from his office in Clarkson University's small business incubator in downtown Potsdam.
Credit Joanna Richards
Many 16-year-olds might dream about starting their own business. But it takes a special kind of teenager to turn an operation launched in his parents' basement into a six-figure profit earner in just four years. After succeeding wildly with his web development and design company, North Shore Solutions, Clarkson University junior Matthew Turcotte, now age 20, is embarking on his second venture: commercial real estate.
While the Fiscal Cliff deal passed by Congress at the turn of the New Year raised taxes on some of the wealthiest people in America, it left many tax breaks in place that benefit small businesses. That is, along as they take advantage of them.
Fixing the tax code and overhauling regulation is important for boosting small businesses, says Rep. Richard Hanna (R-Barnevald), but he says in the long term, increasing science and math education is the key for the economy.
Rep. Ann Marie Buerkle (R-Onondaga Hill) wants the federal government to take a more hands-off approach when it comes to energy costs.
The congresswoman hosted about two-dozen central New York business leaders Tuesday morning at Kitty Hoynes Irish Pub in Syracuse.
Buerkle's main contention: The federal government should stop playing venture capitalist for startup energy companies. Deregulation is the best way to help small companies innovate and grow, Buerkle said.
"That's very different than saying, 'Here's money from the government. We're going to prop you up,' " said Buerkle. "That never works ... You've got to let the free market work."